City Moves for 10 October 2016 | Who’s switching jobs October 10, 2016 Personal Group Personal Group has appointed George Farrow, the former Reward Gateway chief operating officer, to lead the client management teams and promote the uptake of Hapi, Personal Group's benefits platform, among new and existing clients. With a strong background in strategic growth and product development, George moved into the benefits market following 30 years [...]
City Moves for 6 October | Who’s switching jobs October 6, 2016 PayPal PayPal has named Mark Brant as managing director of PayPal UK. Mark has been promoted to this role following his tenure as general manager, merchant services UK. Mark joined PayPal UK in 2008 as director of large merchant sales before promotions to sales director and general manager of merchant services, UK in 2012. During his time leading [...]
City Moves for 3 October 2016 | Who’s switching jobs October 3, 2016 Squire Patton Boggs Squire Patton Boggs has appointed Kashif Siddiqui as a partner in its global Corporate practice in London. With previous experience at Allen & Overy, Kashif has significant corporate expertise, with his practice focused on cross-border mergers and acquisitions (both public and private), disposals, joint ventures and reorganisations. He advises investment banks and [...]
What will your bank be called after RBS restructures? September 30, 2016 Royal Bank of Scotland Group (RBS) customers could see the name of their bank change, when the lender restructures to comply with UK ring-fencing regulations. RBS today set out its plans for the reshuffle – here's what the group is moving, and what the new entities will be called. RBS becomes Adam & Company… but not [...]
Royal Bank of Scotland reveals plans for new structure to comply with UK ring-fencing requirements September 30, 2016 Royal Bank of Scotland Group (RBS) has set out its plans to restructure in order to comply with UK ring-fencing regulations. Legislation requiring the separation of essential banking services from investment banking services will take effect from 1 January 2019. RBS said today that in order to be compliant with its requirements, "we need to [...]
Treasury committee chairman seeking assurances from high street bank bosses on IT health September 29, 2016 The chairman of the influential Treasury Select Committee (TSC) Andrew Tyrie has written to the chief executives of two of the UK's biggest banks over recent IT failures. City A.M. understands Tyrie will publish letters to the bosses of Royal Bank of Scotland and HSBC tomorrow morning. Tyrie has also written to the heads of the financial regulators the Financial Conduct [...]
NatWest’s online banking system is down September 28, 2016 NatWest's online banking system has gone down, leaving several customers unable to make payments. Users took to Twitter to complain about the lack of service. Anybody else having trouble with #Natwest lack of online banking service? — Jonathan M. Ratcliff (@JRatcliff01) September 28, 2016 https://twitter.com/mouseslatter/status/781126714776846337 Arg @NatWest_Help please sort your online banking issue. — Rebecca Brice [...]
Andrew Tyrie blasts banks as they come clean on overdraft fees September 6, 2016 Influential Tory backbencher Andrew Tyrie has blasted UK banks for their bewildering array of overdraft fees and charges and called for customers to be given more information about their accounts. Tyrie, who chairs the Treasury Select Committee (TSC), also criticised recent proposals from the Competition and Markets Authority (CMA) to encourage customers to switch bank accounts. [...]
Santander UK to bid for credit card giant MBNA as competition heats up September 5, 2016 Santander UK is reportedly circling MBNA, as interest in the credit card giant heats up ahead of next week’s deadline for offers. Sky News reported that the bank is considering a takeover bid for MBNA and could make a formal offer next week. MBNA has been stamped with a "for sale" sign by its current owner, Bank of [...]
City Giving Day: 200 firms set to celebrate CSR schemes with Lord Mayor September 5, 2016 In the run up to City Giving Day on 27 September, the Lord Mayor, Alderman Jeffrey the Lord Mountevans, hosted a breakfast at the Mansion House for more than 80 businesses who have signed up to this year’s campaign. With over 200 companies taking part on the day itself, the guests last Friday were rallied [...]